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Thursday newspaper round-up: Inflation target, Amazon, Abcam

(Sharecast News) - The Bank of England should be set a 3% inflation target and given powers to crash borrowing costs below zero in response to future economic shocks, a leading thinktank has said. The Resolution Foundation said Britain required a big overhaul of its economic toolkit to avoid decades of rising debt or austerity, and called for reforms at the Bank and the Treasury to get a "bigger bang for each buck". - Guardian Amazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses. It has started testing Digit, a two-legged ​r​obot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes. - Guardian

Jeremy Hunt is poised to overhaul how the pensions triple lock is calculated in a move that is expected to save the Treasury £900m a year. In his Autumn Statement next month, the Chancellor is expected to announce that the payout to retirees will rise in line with regular wages at 7.8pc, rather than the 8.5pc surge in total pay when bonuses are taken into account. - Telegraph

The bosses of Abcam, the Cambridge-based biotech firm, are set to receive payouts of $28.8 million on completion of a takeover by the US medical conglomerate Danaher. Alan Hirzel, chief executive, and Michael Baldock, finance chief, are on course to receive $19.2 million and $9.6 million respectively from an incentive scheme if shareholders accept the $5.7 billion bid. - The Times

The UK is on track to lose out on £98 billion of economic growth by 2030 because of an anticipated shortage of 250,000 tradespeople. Net zero targets are increasing demand but young people do not feel encouraged consider such careers, according to a survey from Kingfisher. - The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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